Adjusting Events - Those events that provide further evidence about conditions that existed at the end of reporting period.
Non-Adjusting Events – Those events that reflect conditions that arose after the end of reporting period.
I read this definition but I do not understand what does the term "conditions" mean by here? Please explain.
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Adjusting & Non-adjusting events
3y ago#1This is explained in my free lectures on IAS 10.
(And please correct your profile given that you do not live in the UK!)
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